Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivables, Contract Assets, and Contract Liabilities (Tables)

v3.21.2
Accounts Receivables, Contract Assets, and Contract Liabilities (Tables)
6 Months Ended
Jul. 31, 2021
Receivables [Abstract]  
Schedule of Accounts Receivable, Net and Unbilled Receivables

The following table summarizes our accounts receivable, net and unbilled receivables:

 

 

 

As of July 31,

 

 

As of January 31,

 

 

 

2021

 

 

2021

 

 

 

(Amounts in thousands)

 

Accounts receivable, net

 

$

5,560

 

 

$

6,050

 

Unbilled receivables, current

 

 

8,344

 

 

 

9,359

 

Unbilled receivables, long-term

 

 

6,079

 

 

 

6,340

 

 

 

$

19,983

 

 

$

21,749

 

Schedule of Unbilled Receivables Expected to be Billed in Future

Unbilled receivables are expected to be billed in the future as follows (amounts in thousands, except percentage amounts):

 

 

 

As of July 31,

 

 

 

2021

 

 

Percentage

 

1 year or less

 

$

8,344

 

 

 

58

%

1-2 years

 

 

4,688

 

 

 

32

%

2-5 years

 

 

1,391

 

 

 

10

%

Total unbilled receivables

 

$

14,423

 

 

 

100

%

Schedule of Change in Deferred Revenue

Contract liabilities consist of deferred revenue and customer deposits that arise when amounts are billed to or collected from customers in advance of revenue recognition. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as deferred revenue, long-term. The change in deferred revenue in the first half of fiscal 2022 is due to new billings in advance of revenue recognition offset by revenue recognized during the period.

 

 

Deferred Revenue

 

 

 

Current

 

 

Long-Term

 

 

 

(Amounts in thousands)

 

Balance as of January 31, 2021

 

$

4,737

 

 

$

657

 

Decrease

 

 

(604

)

 

 

(511

)

Balance as of July 31, 2021

 

$

4,133

 

 

$

146